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  • Spinning Limited: Faisal Mills

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    Irfan Masood
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    Faisal Spinning Mills Limited reported a profit after tax of Rs. 405 million for the quarter ended September 30, 2022, down from Rs. 936 million in the same period last year. Sales increased 20% to Rs. 7.8 billion compared to Rs. 6.5 billion the previous year, but costs increased significantly resulting in lower gross profit and operating profit. Earnings per share fell to Rs. 40.51 from Rs. 93.60 last year.

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    Faisal Spinning Mills Limited reported a profit after tax of Rs. 405 million for the quarter ended September 30, 2022, down from Rs. 936 million in the same period last year. Sales increased 20% to Rs. 7.8 billion compared to Rs. 6.5 billion the previous year, but costs increased significantly resulting in lower gross profit and operating profit. Earnings per share fell to Rs. 40.51 from Rs. 93.60 last year.

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    5 views1 page

    Spinning Limited: Faisal Mills

    Uploaded by

    Irfan Masood
    Faisal Spinning Mills Limited reported a profit after tax of Rs. 405 million for the quarter ended September 30, 2022, down from Rs. 936 million in the same period last year. Sales increased 20% to Rs. 7.8 billion compared to Rs. 6.5 billion the previous year, but costs increased significantly resulting in lower gross profit and operating profit. Earnings per share fell to Rs. 40.51 from Rs. 93.60 last year.

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    © All Rights Reserved
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    Faisal Spinning Mills Limited

    Condensed Interim Statement of Profit or Loss (Un-Audited)


    For the Quarter Ended September 30, 2022

    Quarter Ended
    Septmber 30,2022 September 30, 2021
    Rupees Rupees

    Sales 7,824,537,238 6,549,225,745


    Cost of goods sold 6,917,962,357 5,242,686,692
    Gross profit 906,574,881 1,306,539,053

    Distribution cost 357,142,643 243,898,147


    Administrative expenses 91,301,965 63,943,904
    448,444,608 307,842,051
    Other income 191,463,928 21,127,730
    649,594,201 1,019,824,732
    Other operating expenses 35,512,265 67,157,306
    Finance cost 121,637,322 78,760,663
    157,149,587 145,917,969
    Operating Profit 492,444,614 873,906,763
    Share of profit of associated undertaking 60,413,577 131,802,259
    Profit before tax 552,858,191 1,005,709,022

    Provision for taxation 147,801,567 69,671,555

    Profit after tax 405,056,624 936,037,467

    Tal
    Earnings per share - basic and diluted 40.51 93.60

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